FED CHAIRMAN POWELL'S STATEMENT 🎙️ Chairman Powell remains flexible regarding future rate hikes, emphasizing that decisions will be taken on a meeting-by-meeting basis. Notably, the removal of the word "anticipates" indicates a decrease in urgency for additional rate increases. Furthermore, the absence of the phrase "sufficiently restrictive" suggests that...
History never repeats itself, but it often does rhyme. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank in the US and the forced takeover of Credit Suisse by rival UBS have triggered concerns of contagion across the global financial system. The current stress in the banking sector is reminiscent of the 2008 financial crisis. However, unlike the...
This chart is an inverted chart of the IEF/LQD ratio with a SPX (SP500) overlay line chart Not Inverted . This shows the corrrelation to easing conditions and the S&P500. This is what the FOMC is failing at fighting. With QT and rate hikes, this has only had pullbacks. Jawboning too.
In this video: * I look at the leaders in the crypto space * I discuss some potential caution flags * I discuss price action on the DJI Index and something to watch out for * Be safe traders!
Oversold conditions are optimal, with a probability of reversing Wait for a confirmation at least one candle above the broken trendline. Same trading tactics.
You look this Cross . We have a double Top with conditions. The condition is that the maximun 2 ... yes did a maximum but close down the maximum number 1. This pattern is mean to go Short. Now we have a support on 0.80410 . If the price broken the support and after touch a new time 0.80410 ( new resistance ) .... And you dont forget the MA 50 that will be...
BTCUSD pair is behaving as expected. If you follow my calls, you can notice consistent projections. Resistance zone was projected three weeks ago, and is holding tight. Support was barely tested 9/15 and we should expect another test if the market closes under 3750 today or under 3850 tomorrow. In this ocation I spot a downtrend continuation pattern, that can...
Strogn downtrend can be seen on the BTCUSD pair. As the pattern developes, we can see a double bottom or H&S. Entry/Exit levels are suggested for both scenarios. ADX in range, with +/-DI crossing. There is no long/short suggestion at the time. Just keep watching the market. WNZ Get live updates and analysis of the cryptocurrency market: t.me
Bearish triangle pattern rejected by upper support zone and Fib Retracement at 0.5 just before completion. RSI bullish divergence could lead to Bullish trend or at least Range conditions Between 0.015 and 0.017. Entries by SB above 0.016 should be safe with inmediate target at 0.017. A close above 0.017 will possibly establish a double bottom pattern taking...
A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...